BEL bags ₹2,323 Cr order, Dr. Reddy’s cancer drug deal & more
- Share.Market
- 8 min read
- 05 Jun 2025
Highlights
Indian equity markets rallied sharply today, driven by hopes of an RBI rate cut, strong gains in pharma and realty stocks, and support from a weaker US dollar and lower Treasury yields.
Headline Indices
Sectors at a Glance
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What moved the market?
*Prices shown may have delay up-to 15 minutes
INDIA VIX
What Made Headlines?
Cochin Shipyard and other defence stocks rallied after the U.S. urged NATO allies (32 North American, European defense partners) to double defence spending.
WELCORPWelspun Corp received a repeat export order for 50 km of LSAW pipes (Longitudinal Submerged Arc Welding pipes) and bends with anti-corrosion coating for a Middle East offshore project, valued at ~Rs 450 crore, to be executed in FY26- 27.
DRREDDYAlvotech and Dr. Reddy’s have teamed up to develop a cheaper version of Keytruda, a cancer drug that made $29.5 billion in sales last year. This partnership will help bring affordable cancer treatments to more people worldwide.
GRSEGRSE signed a Memorandum of Intent with Carsten Rehder for 4 hybrid propulsion vessels and an MoU with Aries Marine for offshore platform construction, expanding their global reach.
BELBEL has received ₹2,323 crore worth of orders from Mazagon Dock, Garden Reach Shipbuilders to supply missile system spares for Indian Navy ships, ensuring smooth operation of mission-critical equipment.
What’s Happening Beyond Our Markets?
- India must double its yearly renewable energy capacity to 50GW by 2030, up from 214GW now, to hit its 500GW goal. This needs $325 billion in total investments, says S&P Global.
- India may soon shift to a 3-rate GST system by scrapping the 12% slab. The move aims to simplify taxes, as monthly GST collections stay strong above ₹2 lakh crore.
- UK car sales rose 1.6% in May 2025, driven by business and fleet purchases. Private demand fell, but electric vehicles surged, making up 47% of sales, still below pre-COVID levels.
- Singapore’s retail sales rose 0.3% YoY in April 2025, slowing from March. Gains in food, alcohol, and mini-marts offset sharp drops in furniture, apparel, and petrol.
- The U.S. and Vietnam will restart trade talks next week as a July tariff deadline nears. Washington wants Vietnam to cut reliance on Chinese imports; Hanoi says talks are tough but ongoing.
Back to Basics
Terms that put you one step ahead – every day.
What is Market Capitalization?
Market capitalization, or market cap, is the total value of a company as decided by the stock market.
It’s calculated by multiplying the current share price by the total number of shares outstanding.
Example: If a company’s stock trades at ₹200 and there are 10 crore shares, the market cap is ₹2,000 crore.
Market cap helps investors quickly gauge a company’s size—whether it’s a large-cap, mid-cap, or small-cap.
Before You Go…
Markets aren’t just charts and tickers, they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back tomorrow to cut through the noise, so you can focus on investing intelligently.
